An Approach Developed as a Criteria Selection List from Which

question 13

Multiple Choice

An approach developed as a criteria selection list from which entrepreneurs can gain insights into the viability of their venture is the

• A)feasibility criteria approach.
• B)time-essence of a venture approach.
• C)marketability feasibility approach.
• D)comprehensive feasibility approach.

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Definitions:

BATNA

Best Alternative To a Negotiated Agreement, the most advantageous course of action a party can take if negotiations fail and an agreement cannot be reached.

Evidentiary Procedure

The rules and methods by which evidence is admitted and evaluated in legal proceedings to establish the truth of facts.

Bargaining Power

The relative capacity of one party in a negotiation to exert influence over another party to achieve desired negotiation outcomes.

Arbitrator

A neutral third party who resolves disputes between two parties, especially in labor relations, by making binding decisions.